Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers | 100% Pass
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Course
Colibri Real Estate
Institution
Colibri Real Estate
Colibri Real Estate (Real Estate Express)
Final Exam Review Questions and
Answers | 100% Pass
Broker Jane has been accused of a law violation regarding commissions. Which of the
following might result in her being found guilty?
A) Jane paid a commission to her licensed personal assistant.
B) ...
*An intangible recording tax is due and payable on each instrument securing one or
more long-term notes at the rate of $1.50 per each $500
$165,500 ÷ $500 = 331
331 x $1.50 = $496.50
Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan
Valdez of Columbia because Gordon feels the earnest money of $100 is not enough.
Which of the following statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he discriminated on the basis of
national origin.
B) Since Gordon refused on the basis of the earnest money, he is not in violation of fair
housing law.
C) Gordon is in violation of civil rights law because he discriminated on the basis of
race.
D) Gordon is guilty of redlining - Answer✔✔-B) Since Gordon refused on the basis of
the earnest money, he is not in violation of fair housing law.
Jada is a community association manager. Which of the following would be one of her
duties?
A) Advising an owner about his legal liability for a visitor's injury on his property.
4/80
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